Did Matt Drudge cause the stock market to drop?
That’s the quesiton that ABC News contributor Michael Malone is pondering in a Silicon Insider column posted on the network’s web site. Malone points out that former Federal Reserve chairman Alan Greenspan gave a speech this past weekend about the inevitability of a recession in this country. His speech wasn’t anything new. In fact, only […]
Outgoing Dow Jones chairman gets $1.6 million in stock
Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, filed an 8-K late Friday that disclosed it was giving outgoing chairman Peter Kann $1.6 million in stock, the Associated Press reported. The AP story stated that it gave Kann, who was CEO of the company until the beginning of 2006, […]
AP biz desk gives guidance on handling SEC's compensation changes
Below is a memo from the Associated Press business desk on how it plans to handle reporting of executive compensation in the wake of changes made by the SEC in how compensation is reported. Yes, proxy season is almost upon us. Note at the bottom that the AP is also offering to send its guide […]
Fox's tricks won't work with CNBC
David Bauder of The Associated Press writes Sunday about the upcoming Fox Business Channel and notes that Fox is using the same tactics it used a decade ago when it launched its news channel to compete against CNN. But trying to define its competition for the audience may not work in business news, some experts […]
Pennsylvania paper adds AP's "Money & Markets" page
The Beaver County Times is changing its stock listings and some other features in its business section, adding the “Money & Markets” page introduced by the Associated Press last year. A short story in the paper stated, “Today, a new Money & Markets page brings analysis and perspective to business news and consumer trends with […]
Changes made to Yakima business section
The Yakima Herald-Republic is making changes to its business section, including dropping its broader stock market listings for the Associated Press’ new “Money & Markets” page, wrote editor Sarah Jenkins in Sunday’s paper. Jenkins said, “Right next to the ‘Money & Markets’ page every day will be a page dedicated to everything from local to […]
TheStreet.com's profit doubles
Business and financial news web site TheStreet.com reported fourth-quarter profits that were more than double the same quarter in 2005, according to an AP story about the earnings. The story stated, “TheStreet.com earned $4 million, or 14 cents per share, in the fourth quarter, up from $1.8 million, or 7 cents per share, in the […]
Vancouver paper to cut stock listings
The Columbian, the daily newspaper in Vancouver, Wash., is changing its stock listings later this month, according to Julia Anderson, the paper’s business editor. Anderson wrote, “Beginning Tuesday, Feb. 20, we’re adding a list of bond offerings and rates. We’re adding a rotating package of stock performance graphics profiling widely held companies. You also will […]
Stock listings going the way of Reuter's pigeons
Florida Times-Union reader advocate Wayne Ezell compares the paper’s decision to cut its stock listings in favor of sending readers to its web site for stock price information to changes that Paul Julius Reuter made in building his wire service in the 19th and 20th centuries. Ezell wrote, “The pigeons delivered the goods in two […]
Business press wrong about weather and oil prices
TheStreet.com’s Marek Fuchs points out that Reuters and the Associated Press are getting it wrong when tying changes in the weather to prices for crude oil in the commodities market. Fuchs wrote, “Let’s start with a headline from this morning, careful not to ensnare our pant leg on too much nonsense. Reuters, in its infinite […]
